Analyst Says Tesla Relatively Attractive (Buy) versus 'Mag 7' Peers
$Tesla(TSLA.US$ This article shared 3 reasons why Tesla is relatively attractive (Buy) compared to the other Magnificent Seven stocks.
1) Tesla’s valuation continued to be neutral versus other ”Magnificent 7″ stocks, said Black in a post on X, formerly Twitter. The analyst noted that Tesla’s price-earnings growth ratio, or PEG, is 1.9 times compared to the average PEG of 1.7 times for the group. Nvidia has the cheapest PEG ratio of 0.9 and Apple is most expensive with a PEG ratio of 2.7.
2) Tesla is going through a transition phase as investors await the launch of a sub-$30,000 EV that is widely seen to kickstart volume growth. Market watchers also sees “halo effect” from the Cybertruck that launched on Nov. 30, 2023.
2) Tesla is going through a transition phase as investors await the launch of a sub-$30,000 EV that is widely seen to kickstart volume growth. Market watchers also sees “halo effect” from the Cybertruck that launched on Nov. 30, 2023.
3) Bullish analysts, however, sees the Tesla growth story alive and kicking, with sum-of-the parts getting a boost from the monetization of its Supercharger network, potential commercialization of its full-self driving software that is in advanced beta testing, the Tesla bot and robotaxi services.
Related article:
Best Reasons to Buy Tesla Stock in 2024
Related article:
Best Reasons to Buy Tesla Stock in 2024
Source:
$BYD COMPANY(01211.HK$ $BYD Co.(BYDDF.US$ $S&P 500 Index(.SPX.US$ $Nasdaq Composite Index(.IXIC.US$ $Tesla(TSLA.US$ $VOLKSWAGEN A G(VWAGY.US$ $NIO Inc(NIO.US$ $Li Auto(LI.US$ $XPeng(XPEV.US$ $General Motors(GM.US$ $Ford Motor(F.US$ $Rivian Automotive(RIVN.US$ $MERCEDES-BENZ GROUP AG(MBGAF.US$ $TOYOTA MOTOR CORP(TOYOF.US$ $GEELY AUTO(00175.HK$ $Stellantis NV(STLA.US$
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I reflected trading experiences by writing journals. My comments are for educational purposes not financial advice.
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buy the dips : and what this have to do with nio stock?
ZnWCOP buy the dips: They are all EV makers companies.
Silverbat : Strong growth but weak demand and more competition would dilute or sink the eps.
ZnWCOP Silverbat: Innovation will bring strong demand. It's always good to have constructive competition. With a strong company's fundamentals and growth potential, the stock value will go up and so will eps.